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Phoenix Mills enters into scheme of amalgamation with PHCPL

Phoenix Mills has entered into scheme of amalgamation with its subsidiary company — Phoenix Hospitality Company (PHCPL). The Scheme was approved by the Board of Directors of both the companies at respective board meetings held earlier August 07, 2019 and will become effective from the appointed date of April 01, 2019 subject to receipt of approvals from National Company Law Tribunal at Mumbai, BSE, NSE, Securities and Exchange Board of India (SEBI), shareholders and other relevant regulatory authorities.

Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.

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